2020’s Gastech Virtual Summit has been credited with putting the spotlight on the importance of gas in the growing demand for energy globally and highlighted the resilience of the industry.
Gastech Virtual Summit has opened and will run from 7 to 11 September, delivering exclusive critical insights from Ministers, policy makers, business leaders, disrupters, and innovators.
Reuters is reporting that the latest market estimates have placed Asian LNG spot cargo prices at a more than six-month high.
Asian LNG spot prices have increased marginally from the recent record lows as Chinese buyers have begun re-entering the market.
Asian LNG spot prices have dropped below US$5 per million Btu to a four-month low as buyers hold off ahead of the Lunar New Year holidays.
According to Reuters, plans to construct a US$2 billion LNG project in the Philippines have been put on hold by backers CNOOC Gas and Power and Phoenix Petroleum Philippines Inc.
Asian LNG spot prices have fallen for a third consecutive week, in response to forecasts of a mild winter.